Ally Financial: Difference between revisions
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'''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC. | '''[[wikipedia:Ally_Financial|Ally Financial Inc.]]''' is a US-based company offering banking, securities, and other financial services through its subsidiaries such as Ally Bank, Ally Invest Advisers Inc. and [[Ally Invest Securities]] LLC. | ||
== Incidents == | |||
=== 2013 discrimination settlement === | |||
Due to Ally's discriminatory pricing system, more than 235,000 minority borrowers paid higher interest rates for their auto loans between April 2011 and December 2013. The [[wikipedia:Consumer_Financial_Protection_Bureau|Consumer Financial Protection Bureau]] (CFPB) and [[wikipedia:United_States_Department_of_Justice|Department of Justice]] (DOJ) ordered the company to pay $18 million in penalties and $80 million in damages to affected borrowers.<ref>https://www.consumerfinance.gov/about-us/newsroom/cfpb-and-doj-order-ally-to-pay-80-million-to-consumers-harmed-by-discriminatory-auto-loan-pricing/</ref><ref>https://www.consumerfinance.gov/about-us/blog/harmed-ally-borrowers-have-been-sent-80-million-in-damages/</ref> | |||
=== Data breach === | |||
==References== | ==References== | ||
<references /> | |||
https://www.ally.com/invest/ | https://www.ally.com/invest/ | ||
[[Category:Online banks]] | [[Category:Online banks]] | ||